JWD InfoLogistics Public Company Limited (JWD) reinforced its year of growth with sustained new highs for all four quarters to boost the 2021 performance to achieve revenue of more than 5,293.3 million baht or a growth of 35 percent. This is higher than the set target of 5,000 million baht following satisfactory growth of all businesses. For 2022, the overall target is no less than 6,000 million baht as the Company moves forward to open more cold storage and fulfillment storage services, while additional capital is being readied for continuous business expansion.

Dr. Eakapong Tungsrisanguan, Chief Financial Officer, JWD InfoLogistics Public Company Limited, ASEAN’s recognized expert in logistics and supply chain, revealed that the Company’s Q4/2021 performance reached record high for the fourth consecutive quarter, with a total revenue of 1,476.1 million baht, or an increase of 37.3 percent over the same period of the previous year, and a net profit of 176.3 million baht, a 132.6 percent hike over the same period of the previous year, and higher than the revenue in the previous quarter of 1,388.1 million baht, and a net profit of 139.1 percent. This performance was a strong testament of the Company’s strength in business operations under the “Total Logistics Solutions” model featuring a variety of integrated services that are differentiated from other operators.

The businesses that showed impressive growth in Q4/2021 were: (1) Cargo transport, with revenue of 265.4 million baht – a 117.9-percent increase over the same period of the previous year; (2) Cold storage, with revenue of 225.5 million baht – a 22.5-percent increase over the same period of the previous year; (3) Depository and hazardous cargo storage, with revenue of 146.6 million baht – an increase of 20.0 percent; (4) Self-storage and integrated “Art Space” storage, with revenue of 31.6 million baht, an increase of 161.2 percent; and (5) Food service business that the Company invested in CSLF in Taiwan, with revenue of 369.1 million baht, and increase of 21.7 percent. In addition, the Company has started to acknowledge share of profit in Eastern Sea Laem Chabang Terminal Company Limited (ESCO) at 13.1 million baht, after purchasing 15 percent of the shares in Phase 1 since November 2021. Businesses that investment in foreign countries also showed strong performances. Transimex in Vietnam acknowledged an increase in share of profit to 113.1 million baht, compared to the same period of the previous year which was 29.5 million baht. For Phnom Penh SEZ Plc. (PPSEZ) and Bok Seng PPSEZ Dry Port Co., Ltd. in Cambodia, the revenues realized increased to 20.0 million baht and 7.2 million baht, respectively, compared to the same period of the previous year when they were 2.4 million baht and 0.9 million baht, respectively. This was the result of the divestment of land in the industrial estates and other revenue increase from Inland Container Depot (ICD).

The overall performance of the Company for the whole year 2021 showed a total revenue of 5,293.3 million baht, an increase of 35.0 percent over the same period in the previous year, and higher than the set target of 5,000 million baht. The net profit was 571.7 million baht, or a growth of 97.1 percent over the same period of the previous year. The businesses that showed significant growth included the cargo transport business with a revenue of 835.7 million baht, an increase of 91.9 percent over the same period of the previous year, the depository and hazardous cargo storage business with a revenue of 585.8 million baht, or an increase of 29.5 percent over the previous year, the vehicle storage and management business with a revenue of 463.7 million baht, or an increase of 19.6 percent over the previous year, etc.

Mr. Charvanin Bunditkitsada, Chairman of the Executive Committee and CEO of JWD InfoLogistics Public Company Limited (JWD), stated that 2021 is considered to be the year that the Company showed good growth in tune with the five-year strategic plan (2021-2025) that foresees the overall revenue reaching the 10-billion-baht mark, although the overall picture of the economy in the past year still has not shown sign of a solid recovery due to the unrelenting COVID-19 pandemic situation. The plan for 2022 is for continuous growth with the total revenue target of no less than 6,000 million baht. It is also expected that many businesses in JWD’s portfolio will continue to grow from last year, such as the cargo transport business in which a plan is in place to increase the customer base among customers in the automotive industry, the expansion of cross-border transport business into Lao PDR and the multi-modal transportation, the vehicle storage and management business where a plan exists to expand the customer base, the cold storage and fulfillment storage where the storage spaces will be increased. For 2022, more cold storage facilities at four projects will be added. They are now under construction and will sequentially be open for business quarter by quarter, making up a total cold storage area of about 44,000 square meters. In addition, Alpha Industry Solutions, which is a joint venture between JWD and Origin Property Group, has put in place a project to continuously develop cargo storage facilities throughout the year to arrive at the total service area of about 200,000 square meters.

“At present, we have the capital in hand to support continuous business expansion plan this year, both in the form of the Company’s own investment and in cooperation with partners to expand current businesses as well as leveraging M&A. This is following the issuance of 1,200 million baht in debenture by JWD. On the other hand, we are also interested to raise funds in the form of digital assets,” Mr. Charvanin concluded.